Austerity is a permanent structural rule, not a 1970s anomaly

Evidence

History reveals that austerity is not merely an aberration of the neoliberal turn in the 1970s, as is often believed. Rather, it is a structural component of our economic system. While governments tend to pass austerity policies to counter worker protests during times of labor upheaval, it remains a fixed rule of all governments within a capitalist system. — Clara E. Mattei, Escape from Capitalism, 162

Categorization

• DEFINE: Reframes austerity as intrinsic to capitalism rather than a neoliberal policy phase.
• XREF: Connects to Marxist crises-of-capitalism literature treating economic policy as class management. — connects to: Austerity was historically contingent, not inevitable — Mark Blyth, Austerity: The History of a Dangerous…, 621; Austrian noninterventionism produces permanent rather than temporary austerity — Mark Blyth, Austerity: The History of a Dangerous…, 403; Austerity is structural to capitalism, not a 1970s neoliberal aberration. — Clara E. Mattei, Escape from Capitalism: An Intervention, 162 (+2 more)

Broader Connections

• Austerity is structural to capitalism, not a 1970s neoliberal aberration. #corroborates (0.95) — Clara E. Mattei, Escape from Capitalism, 162
• Austerity’s core principles predate the twentieth century by a century of classical economics #expands (0.80) — Clara E. Mattei, The Capital Order, 718